RAO UES Company Description
Unified Energy System of Russia (UES) keeps Russians plugged in with more than 1.6 million miles of electric transmission lines and majority stakes in more than 70 regional power distribution companies. The utility, one of Russia's largest companies, has 159,200 MW of primarily fossil-fueled generating capacity. It provides about 70% of the country's electricity and exports power to neighboring nations. Competition has been introduced to Russia's utility industry; with deregulation taking full effect in 2007. UES' generation and distribution assets were spun off the next year and UES itself has become the nation's transmission grid operator. The Russian government owns about 53% of UES.
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The Company Description provides a historical perspective of RAO UES's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of RAO UES's evolution in the marketplace.
